Brookstone Capital Management Increases Stock Position in iShares Silver Trust $SLV

Brookstone Capital Management raised its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 88.0% during the 4th quarter, Holdings Channel reports. The fund owned 270,396 shares of the exchange traded fund’s stock after purchasing an additional 126,564 shares during the period. Brookstone Capital Management’s holdings in iShares Silver Trust were worth $17,419,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SLV. Vantage Financial Partners LLC bought a new position in iShares Silver Trust in the third quarter worth approximately $489,000. Wealth Enhancement Advisory Services LLC raised its stake in iShares Silver Trust by 14.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 242,573 shares of the exchange traded fund’s stock valued at $10,525,000 after buying an additional 30,915 shares during the last quarter. D.B. Root & Company LLC purchased a new position in shares of iShares Silver Trust in the 3rd quarter valued at approximately $370,000. Envestnet Asset Management Inc. lifted its stake in shares of iShares Silver Trust by 20.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock worth $69,743,000 after buying an additional 273,913 shares during the period. Finally, Adamsbrown Wealth Consultants LLC acquired a new stake in iShares Silver Trust during the 3rd quarter worth about $235,000.

iShares Silver Trust Trading Up 0.1%

Shares of NYSEARCA SLV opened at $63.52 on Tuesday. The stock has a market cap of $34.97 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. The company has a 50 day simple moving average of $76.20 and a two-hundred day simple moving average of $60.69. iShares Silver Trust has a 12 month low of $26.57 and a 12 month high of $109.83.

About iShares Silver Trust

iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.